James,
I'm not questioning Dale's integrity. I'm just as upset with Chan and Naylor and others (not even accountants, that were so pro HDT at the time I chose to enter into it).
Dale's selling of the business at the time I came along was unfortunate for me. That's all. Him "not being on the forum", is also unfortunate for those of us that trusted his advice once and can no longer obtain it when we most need it. Where ever he is he is not my advisor and I am unable to question him on what this ruling means to me. To be honest I never met him, only dealt with yourself for a very brief time before you were also gone so my experience with what remained was by and large a very very different one to what I believe others before my time may have experienced. In all honesty from my perspective the people that at the time were making assurances that this structure was viable disappeared leaving those new clients that came along at my time rather dazed and confused and simply unable to get any quality information regarding what, where, why and how this was to work from then on. That confusion still exists today, right now, if not worse as of this document from the ATO.
I take responsibility for that. I should never have put myself in a position where I was so reliant on such a small subset of individuals who's circumstances could (and did) change to my detriment.
My comments regarding the professions, accountants, agents, QA's, Buyers Agents etc etc come from a long and distinguished list of "mistakes" made by some of them for me on their behalf that I won't (and can't) go into on these forums and do not directly relate to yourself or Dale.
The truth is though that an 80 year long trust was established under the impression that it was a great vehicle for Buy and Hold property investment for the long term. As near as I can tell today, and without the ability to talk to those I was beginning to form a trusting bond with, it appears as if that is not the case (far from it). Certainly no one has a crystal ball and can see the future moving of goal posts from the ATO, so I am sorry if my comments offended, but I was given the impression that the goal posts could never be moved enough, or not be worked around, yet all other advice I receive is contrary to that. My comments are a reflection (admittedly overly emotive), of my feelings as to how my experience has unfolded in the past few years and are largely effected by the fact that many other accountants have told me that what I was initially told is just plainly wrong. Whether it is or isn't seems to be indeterminable and that is the greatest frustration I have. Clearly that frustration is showing in my last post.
At any rate the part of that comment that was relevant to me (as 99.9% of my experience took place after Dale and yourself were gone), was this:
The now director of that firm and several of his accountants read these forums. The silence is deafening.
Being the inheritor of the clientele and responsible for the maintenance and upkeep of these trusts and given that to my knowledge Chan and Naylor don't participate in these forums I had hoped that perhaps they might pass on some knowledge. Even a simple "We're looking into it, stay tuned"...
as for:
Perhaps your aggressive approach and know-it-all attitude
Well. In my opinion I have just reason to be aggravated and no, I don't know it all. Can't seem to find people that do either.
If you go and re-read my post you'll see that I even tried to keep the name Gatherum Goss out of my post completely because I wasn't getting stuck into you or Dale.
Cheers,
Arkay.